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20200 Lassen St Chatsworth, CA 91311

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For Sale
$1,899,999

Exceptional multi-unit residential income property with strong cash flow.

Property Features for 20200 Lassen St

General Information

Standard status
Active

Building Details

Year built
1958

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Listing Contact
Carol Oliva
Source: Corcoran

Listing Agency: LPT REALTY, INC Listing Agent: Carol Oliva

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

High-Performing Residential Income Property

This multi-unit residential income property presents a rare investment opportunity, offering strong in-place cash flow with significant upside potential. It is ideally suited for investors or an owner-occupant looking to offset mortgage costs with rental income. The property consists of multiple units: a main residence with 4 beds and 3 baths, an ADU with 3 beds and 3 baths, an SB unit with 3 beds and 3 baths, a Jr. ADU, and a studio unit. The total monthly rental income is $15,300, resulting in an annual gross income of $183,600. The property offers flexibility for owner-occupancy, repositioning, or value-add strategies. All tenants are long-term occupants. This property combines residential living with income production, making it suitable for both seasoned investors and buyers entering multi-unit ownership. It is centrally located near employment centers, transportation, and local amenities. The main property has leased solar panels with payments of approximately $191 per month, which the buyer will assume.
Location Intelligence

Current Use by Public Records

Multifamily properties

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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Location Insight

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City
Chatsworth
County
Los Angeles
State
California
Longitude
-118.5729485
Latitude
34.249846

FAQs

What type of property is this?
Multifamily property - Exceptional multi-unit residential income property with strong cash flow.
Where is this multifamily property located?
The property is located at 20200 Lassen St Chatsworth, CA.
What is the asking price?
The asking price for this property is $1,899,999.
What are key features of this property?
This property features: - High-performing investment property with strong in-place cash flow and upside potential.; - Significant rental income: $15,300/month total, $183,600 annual gross income.; - Multiple units: Main residence (4 bed/3 bath), ADU (3 bed/3 bath), SB Unit (3 bed/3 bath), Jr. ADU, and Studio Unit.
More about this property
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